Vitalik Buterin’s Tweet Sends ETH & SHIB Markets Into Frenzy: What’s Next?
- Vitalik Buterin’s tweet on making SHIB redundant sparked market speculation and volatility.
- ETH struggles at $3,300 resistance, while SHIB faces hurdles at $0.00001630.
- Both ETH and SHIB show potential for price reversals amid current market dynamics.
An X post from Vitalik Buterin has sparked significant speculation and volatility in the cryptocurrency markets, particularly for Ethereum (ETH) and Shiba Inu (SHIB). Crypto influencer Lola raised speculation over a hypothetical scenario where Buterin, co-founder of Ethereum, hinted at making Shiba Inu (SHIB) redundant within the Ethereum ecosystem.
One tweet from @VitalikButerin that he will make #SHIB a redundant token in ETHCHAIN will send both #ETH & #SHIB to the moon
— Lola (@CryptoLollla) July 4, 2024
Recent market dynamics reveal a fluctuating landscape where ETH, priced at $3,176.55, faces resistance at key levels while SHIB, currently trading at $0.00001549, grapples with its own support and resistance challenges.
ETH’s journey over the past day has been volatile, experiencing a notable decline with a 24-hour change of -5.16%. Key resistance levels at $3,349 and $3,300 present significant barrie…
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